bottom line. This is a direct quote from the textbook by Cengage called Employment and Labor Law.
Answer:
The correct answer is option C.
Explanation:
`If firms can easily enter and exit the market, then firms operating in the market will earn zero economic profit in the long run. This is because the short run is too short for firms to enter and exit so potential firms will enter and exit in the long run.
If the existing firms will be having negative profits, the firms having loss will exit the market. This will reduce market supply. As a result, the price level will increase. This will go on until all firms will have zero economic profits.
Similarly, if the existing firms are having positive economic profits in the long run, the other firms will enter the market. This will increase the market supply such that the price level decreases. This will go on till all the firms will be having zero economic profits.
Answer:
It will take 50 months to complete the payment on his entire balance
Explanation:
We have to solve for n in an annuity:
C $20.00
time n
rate (0.1524 / 12 months per year) 0.00127
PV $969.1600
Now, we use logarithmics properties to get the answer:
[tex]-n= \frac{log0.93845834}{log(1+0.00127)
n = 50.044991
In the market economy there are two important factors, supply and demand, which are the regulators of the market price.
The offer is conditioned by fators such as technological advances, the number of sellers, the cost of supplies, and the expectations of sellers.
Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a <em>movement to the left</em>.
Answer
(A) the supply curve to shift to the left.